ETFC E*TRADE Financial Corporation

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ETFC has made its 4th higher low. ETFC also has a triangle pattern. I expect it to take out the old high over $2.00.

ETFC Chart


E*TRADE Financial Corporation
135 East 57th Street
New York, NY 10022
United States - Map
Phone: 646-521-4300
Fax: 212-826-2803
Web Site: http://www.etrade.com

DETAILS
Index Membership: S&P 500
S&P 1500 Super Comp
AMEX Internet
Sector: Financial
Industry: Investment Brokerage - National
Full Time Employees: 3,084


BUSINESS SUMMARY
E*TRADE Financial Corporation, through its subsidiaries, provides online brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name worldwide. It provides various brokerage products and services, including automated order placement and execution of the U.S. equities, futures, options, exchange-traded funds, and bond orders; access to E*TRADE Mobile Pro, which allows customers to trade stocks and transfer funds between accounts, as well as to monitor real-time investment, market, and account information; access to Power E*TRADE Pro, a desktop trading software for active traders; margin accounts allowing customers to borrow against their securities; access to international equities; and sweep deposit accounts that automatically transfer funds to and from customer brokerage accounts, as well as employee stock option management software and services for corporate customers. The company also offers access to the investor resource center, which provides an aggregated view of its investing tools, market insights, independent research, education, and other investing resources; advisory services, such as investment guidance; and fixed income tools to help customers identify, evaluate, and implement fixed income investment strategies. In addition, it provides access to Retirement QuickPlan, a retirement planning tool that provides an assessment of an individual’s or a family’s retirement savings and investing plan, as well as tips to help get on track with personal retirement goals; individual retirement accounts; access to non-proprietary exchange-traded funds and mutual funds; investing and trading educational services via online videos, Web seminars, and Web tutorials; and deposit accounts, including checking, savings, and money market accounts. The company was founded in 1982 and is based in New York, New York.

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E-Trade (down 63 percent). This high-flying online brokerage slammed into a headwall in 2006, as investments in subprime lending and other risky ventures turned into a disaster. Three years of steep losses followed. The company has been selling assets and aggressively restructuring, while living off a $2.5 billion investment from a prominent hedge fund. The surgery seems to be working. The company's S&P credit rating has risen by one level, and core brokerage operations are gathering steam. The company could return to profitability late this year or early in 2011, as revamped international operations complete a turnaround.

10 Companies Back From the Brink - Yahoo! Finance

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ETFC about to break out of this pattern. EFTC should break over the 200MA this go around..

ETFC Chart

[greencat]

ETFC has a upward channel pattern and I expect it to become a nice mover. It seems to be stuck in this area but onece it breaks through the wall. ETFC should move easily.


ETFC Chart
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